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Expensify CEO Barrett sells $48,000 in EXFY stock

Published 06/11/2025, 03:16
Expensify CEO Barrett sells $48,000 in EXFY stock
EXFY
-0.68%

Expensify, Inc. (NASDAQ:EXFY) Chief Executive Officer David Michael Barrett, disposed of 30,000 shares of Class A Common Stock on November 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $1.59 to $1.63, netting $48,000. The transaction occurred with EXFY trading near its 52-week low of $1.57, down over 50% year-to-date, and significantly below what InvestingPro analysis indicates as undervalued territory.

Following the transaction, Barrett directly owns 208,399 shares and indirectly owns 1,408,480 shares through Barrett Trust LLC.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 31, 2025. Investors tracking this $146 million market cap company should note Expensify ’s upcoming earnings release on November 6, 2025. InvestingPro data shows the company maintains a "GOOD" financial health rating despite recent stock performance, with strong cash flow metrics. Find comprehensive analysis in Expensify’s Pro Research Report, available with a subscription.

In other recent news, Expensify Inc. reported its financial results for the second quarter of 2025, revealing earnings per share (EPS) of -$0.10. This figure fell short of the forecasted EPS of $0.04, marking a significant surprise of -350%. Revenue for the quarter was $35.8 million, slightly below the anticipated $36.22 million. These earnings results have been a notable development for the company. Additionally, Expensify announced a new integration with DoorDash for Business, which will automate the import of receipts into its expense management platform. This integration aims to streamline processes for business users by eliminating the need for manual entry of DoorDash receipts. These recent developments highlight Expensify’s ongoing efforts to enhance its platform while navigating financial challenges.

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